not sure what you mean by that. The only OEM they market through is Toyota and that relationship just started 4/1 on new orders and on 7/1 for the after market. Raymond is a subsidiary of Toyota and that was down. No explanation for Raymond
Even if Raymond had been flat, sales would have only been $10.5M, still a huge shortfall.
Hickman will complain that they had too many hundred dollar bills in profits and not enough twenty's.
The only reason the stock has gone down is because of massive shorting...13% of shares are short. Essentially the stock has been manipulated down in a coordinated fashion
Medallion Financial beats by $0.03, misses on total investment income
Aug 4 2015, 09:04 ET | About: Medallion Financial (TAXI) | By: Niloofer Shaikh, SA News Editor Contact this editor with comments or a news tip
Medallion Financial (NASDAQ:TAXI): Q2 EPS of $0.33 beats by $0.03.Total investment income of $10.84M (+9.7% Y/Y) misses by $0.15M.
buybacks are limited to the amount and timing. Can't buy first ha;f hour of day or last half hour. Can't be more than 10% of volume in a day and a certain amount over a month.
That's why a tender offer is a better way to go
shorts increased their stake by 13% of the outstanding shares during that time. Easy to declare victory when the share price of a low float stock is distorted by shorting. What would the share price be if they covered? I could argue much, much higher than 16%.
I would cut them in a second. Total and complete waste of money. They add ZERO. They are hostile in emails. HOSTILE!!! As if asking questions actually annoys them.
me at end of Dec: is Todd Felker still employed? His linkedIn says he left
Liolios: Probably. He was there was last week
is that even a legit answer? Did that even answer my question? In fact, he had left.
is there any value here?
Even though Avis is doing some rental work, with Hertz leaving car sharing, rental is worthless. Avis will never roll out. Patents never licensed. Time waster. Sell it off to Avis for $5M or $10M and let them carry the cost of development. Keep a royalty if they license the patents to anyone else.
never seems to be even mentioned anymore. License it out to SAIC or someone like that and let them market it. Keep a royalty. IDSY obviously does not know how to sell to DoD.
Carrots keep being held out but nothing happens. With oil down, if they don't move now, they never will. Now United is interested. Why don't they commit?
$4.4M in sales, $18M+ in recurring revenue. Low margin business with lots of competition. ORBC would buy. Sell it off. Probably the only thing that could be sold. Probably worth $40M+
pipeline. pipeline. pipeline. All we ever hear about but never see. Pilots. Pilots. Pilots. 20 years and still piloting. Looks like the VAC4 rollout was bungled. Lots of problems. Potential but promise never materializes. Sell it off as well. This should be worth $30M to the right buyer.
Keeping all this together does not seem to be working. Sell it off.
hasn't worked so far. Share count barely moved down from Q1 to Q2 even with 124K shares bought up (they do qtr weighted so it will show up this qtr). Too many options being granted. Need to either do a tender or buy back 500K shares in a quarter to leave a mark
and they don't even bother to put out the presentation they are presenting today. So much for full disclosure.
Should not be a public company
3.3M shares shares out of 24.5M total shares. On a $200M profitable, dividend paying company. Shorts control the action. Could all be shorts controlled by Uber for all we know. $200M is nothing to Uber.
largest downside volume in many, many years.
they could have warned at the last CC. They could have warned in June. Why come out with this disaster? Do these guys even know how to find the office every day? Do they wander around for hours trying to find their cube?
what I find interesting is last qtr they said they sold the last of their investments they could book gains on. A one time deal if you may. I guess they missed something. They will say the same thing this time....and next time...and the time after that.
Hickman was even talking about a huge Chicago write down. He's been saying that since December. Saying it enough times doesn't make it true.
I can live with 1% of loans that are questionable. Most banks are at 3% or more.
The quality of my dividend surely is good. The quality of the cash for buybacks surely is good too. I guess you forgot to mention that cash burned went towards the buyback last qtr
You are becoming a bore. "The sky is falling". "The sky is falling". Too bad you didn't pay attention to your license lapse as closely as you do this.
Last time volume was this high was when Avis announced the buyout of ZIP. Jagid was a deer in headlights and did nothing.
Ehrman is transfixed by Norm waving a timepiece in front of his eyes (sleeppppy, sleeeeepppyyy)